Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
Operations at the Phoenix South-2 well have been safely completed and the rig has now left the drilling location, said Carnarvon Petroleum. The well drilled an estimated 39m hydrocarbon-bearing zone between approximately 5176-5215m with…
Independent Oil and Gas (IOG) has signed a memorandum of understanding (MOU) to acquire a currently disused pipeline in the southern North Sea and associated onshore reception facilities. The pipeline will provide the proposed export route for IOG's southern North Sea gas assets…
Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit. Total’s announcement that it will…
The first offshore facilities to be decommissioned in Great Yarmouth on the east coast of England are due to start arriving in Spring this year. A partnership between Veolia and Peterson partnership has been awarded two platform decommissioning…
Short-term production from the BP-led Azerbaijan’s Azeri-Chirag-Gunashli (ACG) project in the Caspian Sea is expected to be flat, and contain gas rather than oil, according to a new analysis from Douglas-Westwood (DW). ACG…
ExxonMobil has developed cMIST, a technology which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This inline technology could be deployed at both…
Eni has spudded an exploration well in Contract Area D offshore Libya, according to the country's national oil firm. The well, B1-16/3, will be drilled in 518ft (156m) water depth and it is about 140km northwest of Tripoli and 5km north of the Bahr Essalam gas field…
The American Petroleum Institute’s (API) 2017 State of American Energy report made a clear statement: energy is everything. Image of Gerard, from API. API President and CEO Jack…
Maersk Oil is to shut in its Tyra field offshore Denmark in a move that could impact a string of other fields on the Danish Continental Shelf. Maersk Oil says it was unable to find an economic strategy for full recovery of the remaining resources in the field…
Israel is eyeing both future energy independence and potential export markets with the launch of its first-ever offshore licensing round. Audrey Leon reports. Image from iStock. Tiny Israel has big dreams of a gas-based economy…
Brazilian giant Petróleo Brasileiro (Petrobras) started production at the Lapa field, in the Santos basin pre-salt layer offshore Brazil. Image of the Cidade de Caraguatatuba, from Sofec. Petrobras…
Oil major BP is to enter the 'emerging world-class hydrocarbon basin' offshore Senegal and Mauritania, with three exploration wells planned starting in 2017, leading to a new LNG hub, after agreeing a deal with independent Kosmos Energy. BP…
A new “think tank” has been launched to explore ways of tapping remaining gas supplies in the Southern North Sea. The SNS Rejuvenation Special Interest Group will look at ways of getting energy from reserves previously considered too tricky and expensive to exploit economically…
ENGIE E&P UK (formerly GDF Suez E&P) has started production from the giant Cygnus southern North Sea gas development. The field, in license areas P1055 & P1731, 150km off Lincolnshire, is expected to contribute 5% of UK gas production…
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